2 March 2020 - acquisition of additional shareholding

In 2018 Conister Bank Limited, a wholly owned subsidiary of Manx Financial Group, acquired 20% of the issued capital of Beer Swaps Limited, trading as Ninkasi Brewkit Rentals. This Ledbury-based business provides equipment finance and rental products to UK based craft and micro-breweries.  The agreement included an option for Conister Bank to acquire the remaining shares by April 2021.  It is now increasing its ordinary shareholding to 75% for a cash consideration of approximately £0.5m. Conister will also simplify the capital structure of Beer Swaps Limited by repaying all director . . .

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